Abstract

Last April, the Advisory Committee of the Fiscal Rule published the new fiscal deficit target path of the Central National Government. This review was viewed favorably by risk rating agencies, international investors and most of the local analysts, but generated interpretations among some of the latter that merit reflection.
Admission to the OECD comes at a good time for the country. Colombia is in a period of economic recovery and the entry into the OECD could help the country to accelerate this recovery. Being part of the OECD sends a positive signal to investors, which could be reflected in greater flows of foreign investment and a greater participation of foreigners in the financing of large national infrastructure projects.